Company Announcement
Target`s Statement - Off-market bid
ANACONDA NICKEL LIMITED 2003-02-20 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Anaconda Nickel Limited
ACN 060 370 783
TARGET'S STATEMENT
The Independent Directors of ANL unanimously recommend that you
ACCEPT IN THE ABSENCE OF ANY SUPERIOR OFFER
the takeover offer for all of your Pre-Rights Issue ANL Shares from
Mongoose Pty Ltd, a wholly owned subsidiary of MatlinPatterson Global
Opportunities Partners LP
The takeover offer for all of your Pre-Rights Issue ANL Shares
accounts for only 6.67% of the total number of ANL Shares which will
be on issue following completion of the Rights Issue
So does this mean a further 93% dilution to existing shareholders?
GZ
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